Top Five Fastest Growing Industries for 2016

It’s just the beginning of the New Year and 2016 is already shaping up to be a promising year in business! Below are the top five fastest growing industries in the coming year:

1. Wind Energy

Wind energy may be the solution for a greener 2016! Wind energy production is steadily growing in the United States, increasing the demand which has favorable government assistance and lower prices. The rising demand for clean energy will be a growing source of domestic manufacturing.

2. Food E-commerce

E-commerce has transformed many industries, but the biggest transformation may be in food! New startups that focus on specialty shopping and subscription prepared meals are innovating online grocery services that are differentiated from traditional supermarket shopping. Some of the biggest names in tech — Amazon, eBay, and Google — are beginning to offer and promote same-day delivery services.

3. Voice Over Internet Protocol (VoIP)

Voice Over Internet Protocol (VoIP) is a technology that allows a person to make phone calls using an internet connection instead of through a traditional phone line. Most people have likely experienced technology similar to VoIP if they ever used Skype or Google Hangouts. VoIP allows consumers to connect with people all over the world using only their computers. And with internet usage increasing every year, it makes sense for many people to switch to VoIP.

4. Administrative, Support, Waste Management and Remediation Services

The growth of the employment services industry is expected to dramatically increase in 2016. With the boom many companies are experiencing, the need for support of these companies will continue to grow. This will be due to the need for seasonal and temporary workers and for highly specialized human resources services.

5. Translation Services and Technology

More than ever, companies of every size are looking to expand their market and engage with customers on a deeper level. Organizations, especially large ones, have to support their employees and customers, so every aspect has to be translated. Gone are the days where linguists would sit in front of their computers translating line by line. Translation services have increasingly become technology companies. Tech platforms are now able to connect thousands of translators that help clients receive and send email in a foreign language or translate their websites.